More Green Bucks for NYS Announced

New York State's Public Service Commission this month announced the expansion of the sort of oddly-named Renewable Portfolio Standard, a program providing subsidies to clean energy projects.

"The PSC issued an order Friday allowing an additional $200 million to be spent for large-scale projects. That's on top of $95 million in subsidies that the New York State Energy Research and Development Authority (NYSERDA) said it recently awarded to five projects, including two in the Capital Region."

"Renewable Portfolio Standard is expanded"
By Larry Rulison, Times-Union Business writer
1/9/10

The increase is needed because the state has also expanded its goals for renewable energy, which Gov. Paterson pushed up to drawing around a third of its energy from sources such as wind and hydro by 2015. (The Times-Union story says 30 percent, the Business Review's, 45.)

NYSERDA funds the Renewable Portfolio Standard through a special fee on utility bills. With the average homeowner paying roughly $3 a month, the program is credited with adding 1,200 megawatts of new, clean electricity for the people of New Green York.

Also,
"NY commits $300M to green energy projects"
The Business Review (Albany), 1/8/10

Pic of green bucks, "Triple Buck Shot"
by Deb Campbell on Flickr.com

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